The New Development Bank initiated by BRICS countries can reform and democratise global economic governance. But to reach this goal, in this critical period when the bank is preparing to operationalise, it must formulate an innovative institutional design. This article outlines four guiding principles for such a structure
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Pakistan continues to receive succour from its long-time ally, the U.S., despite blundering about in its neighbourhood unabashedly- be it through righteous indignation or through generous courtesies. The external affairs ministry needs to improve its approach towards U.S. officials who are visiting India in order to better its relation with the country.
Hardliners in the U.S. argue that the Obama administration’s eagerness to declare success has given Iran an advantage in the negotiations on its nuclear programme. Even if the agreement between the U.S., its partners, and Iran is finalised in the coming days, Obama has the tough task of convincing the U.S. Congress to lift sanctions
After respite from the U.S. government, Cuba now faces the daunting task of reviving its economy without having to give up on its political ideology. The Singaporean model of limited democracy is something Cuba could emulate.
The Pacific Alliance—Mexico, Colombia, Peru and Chile—is one of the newest and most vibrant regional groupings in Latin American. Apart from the liberal foreign trade policies of these countries, they also have higher growth and lower inflation rates than their neighbours. India’s trade with the grouping has been growing, and as an observer member of the bloc, there is scope for much deeper engagement.
The visit of U.S. Defence Secretary Carter will help cement trust and expand the scope of India-U.S. defence cooperation. However, there are several important details around technology transfer that still need to be worked out before co-production of weapons can begin.
The Trans-Pacific Partnership might soon be concluded if the U.S. Congress fast-tracks it, as recently announced, while the Regional Comprehensive Economic Partnership Agreement remains on slow-track. But the TPP, although ambitious, follows an outdated template, and it is the dynamic RCEP that can be a model for a new global rules-based framework
This month’s U.S. Appeals Court ruling that deemed illegal the collection of bulk phone records by the U.S. NSA—falsely claimed by U.S. officials as having helped detect 26/11 plotter David Headley—is another nail in the coffin of the U.S. surveillance programme. However, detection of terrorist activity and prosecution of perpetrators remains as problematic as ever
China's influence and presence in Latin America has grown rapidly in the form of trade and investment. China's growing presence is both a concern for Latin America and the U.S., which creates a window of opportunity for India
The 'Make In India' campaign could learn from the manufacturing success story of Mexico which has come to be called as a 'rising global star in manufacturing’ and 'the China of the Americas'. Prime Minister Modi can seek inspiration from President Enrique Peña Nieto who has brought about a dozen major reforms by forging a historic consensus with the opposition parties through the Pact for Mexico.